Housing

Most Americans will remember 2020 as the year when the pandemic changed everything. But for Lake Charles, Louisiana, and its neighbors along the Gulf Coast, it was also the year of record-setting disasters, when “once-in-a-lifetime” storms hit in such rapid succession that their impacts blurred together. A recent National Academies consensus study I worked on looked into the compounding disasters that the region faced – both physical and socioeconomic – as storm after storm arrived during the pandemic with little time for recovery. It concludes that Lake Charles’ experiences could be a harbinger of what’s to come in a warming world unless the nation fundamentally rethinks its disaster preparedness, response and recovery strategies. Lake Charles’ compounding disasters Hurricane Laura made landfall near Lake Charles on Aug. 27, 2020, as a powerful Category 4 storm, with wind speeds exceeding those that local building codes were designed...

It took a global pandemic to convince American businesses that their employees could work productively from home, or a favorite coffee shop. Post-COVID-19, employers are struggling to find the right balance of in-office and remote work. However, hybrid work is likely here to stay, at least for a segment of workers. This shift isn’t just changing lifestyles – it’s also affecting commercial spaces. Office vacancy rates post-COVID-19 shot up almost overnight, and they remain near 20% nationwide, the highest rate since 1979 as tenants downsize in place or relocate. This workspace surplus is putting pressure on existing development loans and leading to defaults or creative refinancing in a market already plagued by higher interest rates. Office tenants with deeper pockets have gravitated to newer and larger buildings with more amenities, often referred to as Class A or “trophy” buildings. Older Class B and C buildings, which often have fewer amenities o...

Picture two homes on the same street: one constructed in the 1950s and the other in the 1990s. There are no trees or other shade. The air conditioning units are identical, recently replaced, and operating perfectly. Identical thermostats are set at 82 degrees Fahrenheit (27.8 Celsius). When it’s 110 F (43.3 C) outside, the 1950s house will likely feel at least 10 F (5.6 C) warmer inside, even with the same air temperature. Why? The answer has to do with radiant heat. Radiant heat is what keeps you toasty warm at a campfire on a cold winter night. The fire doesn’t warm the air much; rather, like the Sun, most of the fire’s heat moves through invisible waves directly from the campfire to your body. In the radiant heat of the Arizona sun, the surface temperature of the uninsulated post-and-beam ceilings in my house, one of 41,000 built in Tucson during the post-World War II era, can reach over 100 F (37.8 C). The single-glazed steel windows register 122 F (50 C...

The odd headlines about little towns in the San Francisco Bay Area just keep coming. First Woodside, a tiny suburb where several Silicon Valley CEOs have lived, tried to declare itself a mountain lion habitat to evade a new California law that enabled owners of single-family homes to subdivide their lots to create additional housing. Then wealthy Atherton, with a population of 7,000 and a median home sale price of US$7.5 million, tried to update its state-mandated housing plan. Until very recently, 100% of Atherton’s residentially zoned land allowed only single-family houses on large lots. When the City Council considered rezoning a handful of properties to allow townhouses, strenuous objections poured in from such notable local residents as basketball star Steph Curry and billionaire venture capitalist Marc Andreessen. A council member argued that the town should “express and explain the specialness of Atherton … to succeed in reducing [the state’s] ex...

More than 3.6 million electric cars are driving around the U.S., but if you live in an apartment, finding an available charger isn’t always easy. Grocery stores and shopping centers might have a few, but charging takes time and the spaces may be taken or inconvenient. Several states and cities, aiming to expand EV use, are now trying to lift that barrier to ownership with “right to charge” laws. Illinois’ governor signed the latest right-to-charge law in June 2023, requiring that all parking spots at new homes and multiunit dwellings be wired so they’re ready for EV chargers to be installed. Colorado, Florida, New York and other states have passed similar laws in recent years. But having wiring in place for charging is only the first step to expanding EV use. Apartment building managers, condo associations and residents are now trying to figure out how to make charging efficient, affordable and available to everyone who needs it when they need it....